The Economic Secretary to the Treasury, Harriett Baldwin, has announced that the UK will:
- Establish a FinTech panel to (a) set an overarching FinTech strategy for the UK; and (b) monitor and drive forward FinTech initiatives;
- Create a professional services information hub, to make it easier for FinTech businesses to find the services they need; and
- Work with UK Trade and Investment to establish ‘FinTech Bridges’ with priority global markets, to help UK FinTechs to expand internationally.
Harriett Baldwin said, “The government wants to ensure that the UK continues to be the best place in the world to be a FinTech company … The[se] measures … show that we are … committed to initiatives which will make our FinTech sector even stronger“. The government will be announcing more policies to support the FinTech sector in due course.